Just got off a call w/ a CEO coach.
He got paid $100k to help turn around a $20M biz.
Doubled their profits to about $10M.
He didn't like when I told him that was a terrible deal for him..
Why? ->
He got paid $100k to help turn around a $20M biz.
Doubled their profits to about $10M.
He didn't like when I told him that was a terrible deal for him..
Why? ->
What would I have told him to do instead?
IF you are good, play avoid short term wins, in favor of long term windfalls.
Two words - Revenue share.
get a % of the $ you create instead of set fees.
IF you are good, play avoid short term wins, in favor of long term windfalls.
Two words - Revenue share.
get a % of the $ you create instead of set fees.
The average Turnaround or interim CEO in PE world makes 87% more than non-PE backed CEO's on average.
- they also are highly aligned to equity as opposed to salary
Why? Every PE deal is usually some type of turnaround.
- they also are highly aligned to equity as opposed to salary
Why? Every PE deal is usually some type of turnaround.
Moral of this here story:
If you're good choose yourself.
Choosing yourself means understanding where you drive ROI.
Then trying to take home the most of that possible.
If you're good choose yourself.
Choosing yourself means understanding where you drive ROI.
Then trying to take home the most of that possible.
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